Coinbase Commerce | Accept Bitcoin Payments Within Minutes

One of the largest cryptocurrency exchanges, Coinbase, announced its exclusive service to enter the world of digital payments. Businesses and merchants from all across the world can take payments in the supported cryptocurrency of their choice using it.

It is a platform that enables completely decentralized payment acceptance for businesses anywhere in the world (inclusive of Bitcoin). It provides instructions on how to transmit money directly to merchants when someone wants to pay them, and it keeps an eye on the blockchain for relevant or similar transactions.

We are very sure that among all the digital services that exist today, this is the easiest and safest way for any business to enter into the digital currency payments scenario. It is none other than Coinbase Commerce. The involved digital currencies are Bitcoin, Litecoin, Bitcoin Cash, USD Coin, and Ethereum.

When you add the service plugin to your store, customers will be able to pay for goods and services using a variety of cryptocurrencies. You decide the assets you want to accept while using Coinbase’s payment service.

They are quickly convertible to fiat currency or stablecoins at any time. With our self-managed option, you may keep control of your cryptocurrency funds, or you can let Coinbase handle it with this managed service.

Every service has its own identity and some unique points that make it exclusive from other similar services. Let’s take you through a list of traits of the Commerce segment of Coinbase:

• Business Reporting - Tools for accounting and reconciliation for business transaction reporting

• Turnkey API - Make unique experiences and smooth workflows

• Flexible Invoices - Simple crypto billing and invoicing for all your clients

• Custom Checkouts - Choose the crypto assets you want to accept from a growing list of compatible assets

In today’s dynamic and fast world, no one ever chooses a good or service without knowing the perks they can yield from using it. And therefore, we bring you a small list that gives you an idea of the Commerce service benefits:

• Access to all Coinbase retail usersMulti-asset support - There are more than ten of the most well-known crypto assets accepted, and the list is expanding

• Peace of mind - Hassle-free transactions of crypto payments

• Reduced operational costs - Lower rates compared to other traditional payment options and no chargebacks to manage

Almost every online service requires users to sign up or register on their online platforms. Likewise, Coinbase has the same protocol – to use any of the crypto-based services by Coinbase, users are not required but recommended to sign up for it. A lot of users have been enquiring about registration on Coinbase Commerce, and we are here to help you out.

Users are not required to create a separate account on the commerce platform if they already have a Coinbase exchange account. However, if that’s not the case, they will be redirected to the Coinbase sign-up portal and asked to create an account. So, on the plus side, with just one account you can access all of the Coinbase initiatives and services hassle-free.

Keep in mind that it is not necessary but recommended to own a functional account on Coinbase therefore, please take a walk through the steps of registration below:

1. Visit the official Coinbase crypto exchange website and tap “Get Started”.

2. Carefully put in the following details –

• Full Name (legal)

• The email address that works and you have access to

• Come up with a password

• The state of your residence

1. Thoroughly screen through the Privacy Policy and User Agreement.

2. On a computer, go for “Create Account’ and on a mobile app, hit “SIGN UP”.

3. Wait to receive the official verification email and verify it.

4. Make sure you also complete the steps for mobile number verification.

5. Add in a few other personal details and move ahead with “Continue”.

6. Go through the process of identity verification and add a payment method.

It is important to know that there is zero fee involved to use the very new service. First, begin by visiting coinbase.com/commerce and then just “Get Started” or follow the detailed steps below to make and receive crypto payments:

1. Inside your Coinbase account, go to your profile icon.

2. Then, choose “Settings”> “Security”> and copy the “New API Key”.

3. Now head to the admin panel on your store.

4. Look for and hit on “Checkout”> “Payments”> “Coinbase”> “Add Method”.

5. Move on to pasting the copied API Key from earlier.

6. Copy the bold URL and head back to the Commerce webpage.

7. Tap on “Notification”> “Add an endpoint”> paste the URL> “Save”.

8. “Show shared secret”> copy the displayed code> go back to the Jumpseller page.

9. In the “Secret key for events” space, paste the code and then “Save” it.

10. That is all you have to do to go from Coinbase to its commerce platform.

We were extremely happy and are excited to inform you that you can now, instantly back up an encrypted copy of your Coinbase wallet seed phrase to Google Drive – just by using the Commerce service platform alone.

This new functionality produces a safe and permanent backup that is only accessible through a commerce account. Sending money from your Commerce wallet to another wallet or exchange is made simpler and faster.

It has been noted that some merchants lose money because they fail to back up their seed phrase. You now have the option to backup an encrypted version of your seed phrase to Google Drive using our new cloud backup tool – you’d only have to link the Coinbase Commerce account with your Google account.

The backup seed phrase is encrypted on the client side to guarantee that it never interacts with Coinbase servers, which is worth emphasizing. Furthermore, even if your Google account were to be compromised, your money would still be safe because Coinbase only maintains the encryption key.

Cryptio is one of the very prestigious crypto-based services that brings exclusive certainty to counting and keeping track of crypto funds. Services it offers include audit, enterprise-level accounting, and facile tax software for digital assets.

The digital asset bookkeeping solution from Cryptio will now be more accessible to businesses utilizing Coinbase Commerce. With the use of the Cryptio interface, CFOs and accountants may extract data from their commerce accounts, modify it in accordance with accounting standards, and push it through API to the general ledger.

To accept payments in digital assets, more international retailers are embracing this amazingly crafted digital payment service by Coinbase. This service makes it possible for businesses all over the world to securely accept cryptocurrency payments along with complete decentralization. It is one of the top Bitcoin payment platforms, with more than 8,000 firms using it and $200 million processed (and counting).

More businesses are anticipated to accept digital assets as a form of payment as cryptocurrencies gained popularity. It has never been simpler to accept digital currencies like Bitcoin or Ethereum as payment for goods or services. The eCommerce platform provides developers with comprehensive API documentation as well as interfaces with WooCommerce and Shopify.

Coinbase has maintained a very respected reputation when it came to offering the highest-yielding cryptocurrencies to deal in and the safest platform to do so. It holds a higher platform whenever we talk about the several crypto exchange services that came into existence. And over the years it has managed to introduce other services and be recognized for it.

In the above read, you were familiarized with Coinbase Commerce which is exclusively created for business merchants to accept crypto payments from anywhere around the world. We hope the details here help you grow your business reach and continue a smooth workflow.